Corsicana residents may have recently noticed some colorful inflatables at the waterpark site on Hwy 287 that has been touted as "Splashicana" since 2014.
A “coming soon” sign accompanies the feature and lists Altitude H2O and Altitude Trampoline Park as the company behind the recent developments.
The Corsicana City Council will consider Monday during its regular meeting, a resolution that will request a five-month extension, the minimum the Texas Department of Agriculture will allow, to the TDA contract with the city for infrastructure benefiting the Corsicana Water and Adventure Park.
A $750,000 Texas Department of Agriculture grant was awarded to the city for infrastructure work at the park, which was also required to generate 51 permanent jobs.
The purpose of this extension is to allow TDA time to verify the jobs created by CWAP and to close the contract. This is the city's only involvement in the project.
According to the company's website, “Altitude H2O is home to the largest floating aqua park obstacle courses in Texas. Our enormous floating playground is the best way to cool off this Summer. Bring your family and friends to slip, slide and have tons of fun.”
The company lists two other locations, on Grapevine Lake in Meadowmere Park and at Wake Nation Houston.
Announced at a Chamber of Commerce banquet in February of 2013, a groundbreaking was held for the park in July of 2013 where it was announced construction would begin within 30 days.
The following year of 2014 did not see much progress with the park as developer Michael Jenkins announced the project would be pushed to Spring 2015 due to difficulty finding contractors. That same year, on July 14, the City of Corsicana put $300,000 in a debt guarantee fund in exchange for a five percent ownership in the park. In September 2014, Jenkins put up a $750,000 bond which allowed the city to begin infrastructure work on the park through a Texas Department of Agriculture Grant the city received for $750,000.
The grant stipulated that in exchange for funds, 51 permanent jobs be created by September of 2016 or the grant would need to be repaid to the state.
At a June 13, 2016 City Council meeting, the City voted to ask the Texas Department of Agriculture for a ten-month extension on the September 2016 deadline, citing the following:
“ ... the City of Corsicana has experienced inclement and disastrous weather from March 2015 to the present. The waterpark facility is located in a low-lying area adjacent to a body of water within the City of Corsicana. CWAP, LLP began but has been unable to complete the work on the facility associated with the Texas Capital Fund Infrastructure Improvements.”
There were no jobs in place by that date, so they were given an extension of Sept. 1, 2017. Still, there were no jobs, so it was extended to Dec. 1, 2017. The last extension was from Sept. 12, 2018 to May 15, 2019
The Corsicana City council voted in July 2018 to rescind a resolution and memorandum of agreement between the city and the Corsicana Water and Adventure Park Limited Partnership.
The action released the city from any ownership in the Corsicana Water and Adventure Park LP. The recension of the original agreement reached in July of 2014, did away with the performance items within that agreement including necessity of holding $300,000 in cash reserves pursuant to the agreement. The resolution acknowledged that the city did not receive a five percent limited partnership in exchange for those cash reserves.
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Corsicana City Council to meet Monday
The Corsicana City Council is scheduled to meet at 5:30 p.m. June 10 in the Council Chambers of the Government Center at 200 N. 12th St.
Items on Monday's City Council Agenda include:
• The Council will recess into closed or executive session to receive attorney’s advice on legal matters pursuant to Section 551.071 of the Texas Government Code, to deliberate on certain matters concerning real property pursuant to Section 551.072 of the Texas Government Code, and to discuss economic development negotiations pursuant to Section 551.087 of the Texas Government Code.
• Consider approving the minutes for the Work Session and Council Regular Session of May 28, 2019.
• Presentation of certificate to the Library for a grant awarded from the Texas Book Festival and public comments.
• Consider authorizing the submission of a contract amendment request for the Texas Capital Fund Contract with the Texas Department of Agriculture-Office of Rural Community Affairs, Contract No. 713042.
— From Staff Reports